Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced electricity consumption from 1,150,140 kWh in 2017 to 1,076,665 kWh in 2018
• Reduced energy intensity from electricity use from 93.3 kWh/m2 in 2017 to 87.3 kWh/m2 in 2018
• Reduced CO2 emissions from 526 tCO2 in 2017 to 501 tCO2 in 2018

Social Achievements

• Increased full-time employees from 89 in 2017 to 103 in 2018
• Hired 44 new employees in 2018, including 12 women
• Maintained employee turnover lower than the national average for the Retail Trade sector (29% vs 42%)
• Partnered with Ngee Ann Polytechnic to provide practical learning to mechanical engineering students

Governance Achievements

• Published first annual sustainability report in accordance with GRI Standards: Core option
• Board provides strategic direction and oversight for the management of sustainability issues
• Sustainability management committee headed by the CEO develops and implements sustainability policies and programs

Climate Goals & Targets

Environmental Challenges

• Challenging environment for automobile distributors due to the small but mature Singapore market
• Challenges in obtaining vehicle stocks due to supply chain and pricing issues (in 2017)

Mitigation Strategies

• Cost containment initiatives to halve losses from FY2017 to FY2018
• Resolved supply chain and pricing issues for Alfa Romeo in 2018
• Opened new showroom to elevate brand visibility and better serve customers

Supply Chain Management

Responsible Procurement

• Focus on procurement efficiency and nurturing a reliable supply chain

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards: Core option

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Total electricity consumption (kWh) decreased due to energy-efficient lighting and circuit breaker measures.
• CO2 emissions decreased due to lower petrol and fuel consumption and fewer new car models introduced.

Social Achievements

• Employee turnover reduced to 27% from 31% in the prior year.
• Continued Student Attachment Programme.

Governance Achievements

• Appointment of Mr Foo Say Tun as an independent director.
• No incidents of corruption, bribery or fraud.

Climate Goals & Targets

Environmental Challenges

• Covid-19 pandemic and resulting supply chain disruptions.
• Circuit Breaker restrictions in Singapore leading to showroom closures.

Mitigation Strategies

• Implemented Covid-19 procedures for employee, customer, and visitor safety.
• Implemented cost-cutting measures.
• Leveraged and expanded on digital platforms.

Supply Chain Management

Climate-Related Risks & Opportunities

Opportunities

• Development of electric motorcycles

Reporting Standards

Frameworks Used: GRI Standards: Core option, SGX-ST Listing Rules 711(A) and 711(B)

Third-party Assurance: Internal verification

Sustainable Products & Innovation

• Scorpio Electric electric motorcycles

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Launched Scorpio Electric X1, Singapore’s first electric motorcycle

Social Achievements

• No work-related fatalities, No high-consequence work-related injuries, No incidents of recordable work-related injuries
• Annual internship program for Mechanical Engineering students

Governance Achievements

• No incidents of corruption, bribery, or fraud
• No incidents of non-compliance with Personal Data Protection Act

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impact on operations and demand
• Decline in high-net-worth Chinese nationals in Singapore
• Global semiconductor chip shortage causing production delays
• Geopolitical tensions in Eastern Europe and rising global inflation
• Increased Additional Registration Fee (ARF) for luxury automobiles

Mitigation Strategies

• Maintaining financial prudence and cost control
• Diversification into other automobile brands and sustainable mobility offerings
• Incubating a new sustainable mobility brand for B2B customers
• Preparing for new model launches

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Focus on procurement efficiency and nurturing a reliable supply chain

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Scorpio Electric project is well-positioned to tap into the growing green mobility demand

Reporting Standards

Frameworks Used: GRI Standards: Core option

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Scorpio Electric X1

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced office paper use intensity by approximately 39% in FY2024 compared to FY2023.

Social Achievements

• Decreased employee turnover rate from 39% in FY2023 to 27% in FY2024.
• Welcomed 27 new employees in FY2024.
• Maintained a zero-accident workplace.

Governance Achievements

• Generally adhered to the principles and provisions set out in the Code of Corporate Governance 2018.

Climate Goals & Targets

Environmental Challenges

• Higher taxes on higher-end cars dampened demand.
• Delayed deliveries of key Lamborghini models (Urus S, Urus Performante, Revuelto) adversely affected sales.
• Uncertain macroeconomic conditions.

Mitigation Strategies

• Developing and launching the Scorpio Electric X1 electric motorcycle.
• Securing loans to support operations.
• Strengthening data collection mechanisms for ESG reporting.

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events disrupting operations.

Transition Risks

• Shift in consumer preferences towards electric vehicles.
• Stringent climate regulations increasing costs.

Opportunities

• Development of green mobility solutions (e.g., electric motorcycles).

Reporting Standards

Frameworks Used: GRI Standards (GRI Universal Standards 2021)

Sustainable Products & Innovation

• Scorpio Electric X1 electric motorcycle
• Alpha and Xi electric motorcycle prototypes